Kohl's Co. (NYSE:KSS) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its position in Kohl's Co. (NYSE:KSS - Free Report) by 93.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,029 shares of the company's stock after selling 170,065 shares during the period. Gotham Asset Management LLC's holdings in Kohl's were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KSS. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's in the 4th quarter valued at about $26,000. Bogart Wealth LLC purchased a new position in Kohl's during the fourth quarter valued at approximately $35,000. KBC Group NV lifted its holdings in Kohl's by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after acquiring an additional 1,974 shares during the period. Platinum Investment Management Ltd. boosted its position in Kohl's by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Kohl's in the 4th quarter worth approximately $100,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Trading Up 5.7%

NYSE:KSS traded up $0.43 on Tuesday, hitting $7.91. The stock had a trading volume of 1,546,321 shares, compared to its average volume of 8,792,082. The stock has a market cap of $880.02 million, a price-to-earnings ratio of 3.55 and a beta of 1.61. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average price of $7.44 and a two-hundred day moving average price of $11.37. Kohl's Co. has a 1-year low of $6.04 and a 1-year high of $27.59.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. Equities research analysts expect that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's payout ratio is 51.02%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup lowered their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Barclays began coverage on shares of Kohl's in a research report on Monday, April 28th. They issued an "underweight" rating and a $4.00 price objective for the company. The Goldman Sachs Group raised their target price on Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Friday, May 2nd. Telsey Advisory Group restated a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a research note on Thursday, May 22nd. Finally, Robert W. Baird reduced their price target on Kohl's from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.61.

Kohl's Company Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.